Chapter 11 Bankruptcy

Indiana Chapter 11 Bankruptcy Attorneys

Because of the complexities and nuances involved, most bankruptcy law firms don't handle Chapter 11 cases.

Then again, most of these firms don't have the level of experience you'll find at Redman Ludwig, P.C. Our bankruptcy lawyers have been providing individuals and business owners in Central Indiana with Chapter 11 bankruptcy solutions for more than 27 years. As a result, we know how to help our clients navigate the process effectively and find the solutions they've been looking for.

What is Chapter 11?

Rarely used and generally thought of only in terms of "business reorganization," Chapter 11 bankruptcy can also be used by individuals or married couples who are not eligible for relief under Chapters 7 and 13 due to income or amount of debt. Consolidation loans are usually not an option for these filers. For them, Chapter 11 works much like Chapter 13 in that once a Chapter 11 plan is approved, payments are made for a 60 month period.

Whether you are a business owner or an individual, a reorganization/repayment plan will have to be filed with your petition. This will include a full and honest disclosure of financial information and a 60-month schedule of payments that you or the business in question will make to creditors. This plan will have to be approved by the court. In essence, you will be expected to pay whatever it is you can afford to pay. It may also allow you to get out from under burdensome mortgages, leases, and equipment or bank loans in certain situations.

If approved, a Chapter 11 individual or business bankruptcy can provide the financial breathing room that you need to regroup and come back strong.

Central Indiana Bankruptcy Solutions — Toll Free 1-866-755-0811

For answers to other questions you have about the Chapter 11 bankruptcy process — call our Indianapolis law offices directly or reach us online by completing the brief form located on the contact us page of this Web site. We offer reasonable payment plans and will deduct initial consultation costs from your fee should you decide to retain us.

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